Interface, Inc. (NASDAQ:TILE – Get Rating) broke below its two hundred-day moving average during Wednesday’s trading. The stock has a two hundred day moving average of $13.57 and is trading as low as $12.60. Interface shares last traded at $12.86, with a volume of 180,062 shares traded.
Separately, StockNews.com began covering Interface shares in a research report on Thursday, March 31. They issued a “Strong Buy” rating for the company.
The company has a quick ratio of 1.08, a current ratio of 2.37 and a debt ratio of 1.38. The company has a market capitalization of $764.75 million, a price-earnings ratio of 12.37 and a beta of 1.76. The company’s 50-day moving average is $13.33 and its 200-day moving average is $13.57.
Interface (NASDAQ:TILE – Get Rating) last released its quarterly earnings data on Friday, May 6. The textile maker reported earnings per share of $0.28 for the quarter, beating the consensus estimate of $0.17 by $0.11. The company posted revenue of $288.00 million for the quarter, versus analyst estimates of $282.97 million. Interface had a net margin of 4.99% and a return on equity of 22.58%. The company’s revenue for the quarter increased by 13.7% compared to the same quarter last year. In the same quarter of the previous year, the company achieved EPS of $0.17. On average, sell-side analysts expect Interface, Inc. to post 1.33 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 17. Investors of record on Friday, June 3 received a dividend of $0.01 per share. This represents an annualized dividend of $0.04 and a dividend yield of 0.31%. The ex-dividend date was Thursday, June 2. Interface’s dividend payout ratio is currently 3.85%.
Institutional investors have recently changed their stake in the company. Captrust Financial Advisors increased its stake in Interface shares by 228.8% during the first quarter. Captrust Financial Advisors now owns 2,604 shares of the textile maker worth $35,000 after acquiring 1,812 additional shares during the period. ACG Wealth acquired a new stake in Interface in Q2 valued at approximately $101,000. Advisor Group Holdings Inc. increased its position in Interface by 19.8% in Q4. Advisor Group Holdings Inc. now owns 7,584 shares of the textile maker valued at $122,000 after acquiring 1,256 additional shares last quarter. Janney Montgomery Scott LLC acquired a new stake in Interface in Q1 valued at approximately $157,000. Finally, Zebra Capital Management LLC acquired a new stake in Interface stock during Q1 for a value of approximately $174,000. 96.30% of the shares are held by hedge funds and other institutional investors.
Company Profile (NASDAQ: TILE)
Interface, Inc, a modular flooring company, designs, produces and sells modular carpet products primarily in America, Europe and Asia-Pacific. The company offers modular carpets under the Interface and FLOR brands; carpet tiles under the name GlasBacRE for use in commercial interiors, including offices, healthcare facilities, airports, educational and other facilities, hospitality and retail spaces, as well as residential interiors; modular resilient flooring products; rubber flooring under the norament and noraplan brands; and luxury vinyl tile products.
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